Hotex successfully diversifies using its core business model

Hotex successfully diversifies using its core business model

Hotex-Com SRL is a Moldovan company that, over the past six years, has built a successful business model with the construction of gas stations for lease to petrol and gas distribution companies. Building upon the successes of this model, the company decided to diversify into the wider commercial building sector through the construction and leasing of retail and leisure spaces, such as shopping centers, supermarkets and cafes/restaurants. A clear focus of this strategy is the creation of modern, energy efficient commercial buildings, incorporating state of the art technologies and adhering to European standards for energy efficient buildings and occupants’ well-being. The first project under the new strategy is an investment in a new commercial building located in Stefan Voda in the South-Eastern part of Moldova. The project, financed through a EU4Business-EBRD Credit Line loan, includes modern ventilation, efficient heating and air conditioning, water and waste-water systems, electrical systems, insulation of walls, roof and floor as well as internal finishing works.  The new building meets the energy efficiency standards oft eh European Union.

Already during the construction period, Hotex signed commercial lease agreements with Enter (a gadgets store) and Felicia (a chain of pharmacies in Moldova). In the meantime, the supermarket chain Linella has also moved into the new center, catering for the needs of the citizens of Stefan Voda. Adherence to COVID prevention measures, together with modern ventilation and filtration that ensure a healthy indoor environment, have helped avoiding any infection cases among staff and customers and especially Linella has registered satisfactory sales increase figures since it opened its doors.

The company used its cash-back grant, financed by the EU4Business Initiative, to reduce the loan principle and loan interest.

Loan amount:

€ 248,331

Grant amount:

€ 37,250

Investment:

Efficient building technologies and construction works

Energy savings

166.8 MWh/year

GHG emissions avoided

80.7 t CO2/year

 

Agro Gogu SRL

Agro Gogu SRL

The agriculture sector is a mainstay of Moldova’s economy with the majority of the population living in rural areas and depending on agriculture for food and income. Half of the agricultural workforce consists of women. Agro Gogu  SRL is one of the companies in the Moldovan agricultural sector that was mainly growing vegetables and melons on 300 ha of agricultural land in the Anenii Noi region, around 30 km to the east of Chisinau.  In 2020, the company expanded its activity range by adding a milk production unit. To this end the company constructed a new milk production farm housing 200 Jersey cows.

One key aspect of Agro Gogu’s expansion was the investment in modern equipment for dairy cattle raising, milking and milk cooling, financed through a EU4Business-EBRD Credit Line loan. Apart from a substantial expansion of its business activities, the new equipment installed as part of the investment project assures high quality milk production for the Moldovan market, safeguards the health and safety of the workers and minimizes the environmental impact of the new dairy operation.

The onset of the COVID pandemic required the implementation of protection measures to protect employees from infection but also to contribute to the stability of food supplies in the region.

Wearing masks became immediately obligatory for all, as did the daily temperature check at the beginning and end of each shift. Work processes were aligned to help employees maintain the required social distance and information boards informing workers about the availability and application of hand disinfectants, masks, etc. were installed. In bathrooms, the company replaced hand dryers with paper towels and showering in the company’s facility became mandatory at the beginning and the end of each shift. Under the new measures, employees are not allowed to leave the company site during the shift or bring any food from home. Instead, the company provides employees with food during their breaks, and it also rehabilitated some houses previously used for housing of technical staff for rest periods.  To avoid contamination on public transport, the company started a shuttle services for employees with its own buses.

Loan Amount

€ 345,664

Grant Amount

€ 51,849

Invested in:

Equipment for dairy cattle raising milking and milk cooling

Primary Energy Savings

66.94 MWh/year

GHG Savings

32.41 tCO2/year

Energy Saving Ratio

28.6%

 

Axedum SRL

Axedum SRL

Founded in 2006 as a producer of chicken meat, Axedum covers the entire production cycle from the production of biological forage through to slaughtering and delivery of ready chicken meat. The high-quality processing systems are assured with care and dedication in a closed circuit from the grain seed to the fork. The company is in full compliance with the European standards HACCP and ISO 22000 and is also certified for HALAL. The poultry producer Axedum financed two investments through a EU4Business-EBRD Credit Line loan.  The first investment amounted to €500,000 and consisted of advanced production equipment, a grader, automatic weighing and labelling equipment, packing equipment, a new transformer station and ventilation.  The second investment was financed through a €200,000 loan and included additional production equipment as well as cooled delivery vehicles. Both projects were verified under COVID-19 conditions, in April 2020 and February 2021 respectively.

The timely investment and the cash-back grants helped the company continue supplying consumers in Moldova with high quality chicken meat.

With increasing disruptions in international supply chains, companies like Axedum have become quite important contributors to local food supplies. To ensure continuous operations, the company was quick to introduce strict measures to protect its workers from COVID infections and to keep the company operational.

Measures included the obligatory wearing of masks on site and also the regular changing of masks. Several digital body scanners were installed, which automatically monitor the body temperature of staff. The body temperature scanners are connected to digital screens, allowing for temperature to be measured at a distance of several meters (entrance / exit / corridors, etc.) without disturbing the workflow. Information boards inform employees about social distancing, about the use of the available sanitizers, masks and regular changing of masks and new rules with regards to breaks and dining. Under the COVID measures, employees are no longer allowed to bring food from their homes.  Instead, lunch and snacks are provided in the company canteen, where groups are restricted to 10-12 people at any one time and where the lunchtimes of each group are regulated to ensure social distance.

Building on the success of the previous two investments and to expand its important role in securing the food supply to Moldovan citizens, the company is now implementing a further upgrade of its production facilities from 2,000 birds per hour to an hourly 4,000 birds processing capacity. This new €2.3 million investment, once more financed through an EU4Business-EBRD Credit Lien loan, includes new processing equipment, cooling chambers and a wastewater treatment plant.

Loan Amount

€ 700,000

Grant Amount

€ 105,000

Invested in:

Production equipment, transformer & power supply, ventilation system, transportation

Primary Energy Savings

383 MWh/year

GHG Savings

96 tCO2/year

Energy Saving Ratio

27 %

 

Liceul Litterarum

Liceul Litterarum

Children are most likely suffering the most under the restrictions required due to the COVID pandemic. Their daily routine disrupted, their social interaction with friends and classmates having been reduced to a bare minimum, schools and teachers are facing a monumental task in maintaining at least some sense of normalcy to protect the mental well-being of our youngest. Liceul Litterarum first opened its doors 19 years ago and is appreciated for the efficiency of its instructive-educational processes and for offering a psychological climate that is conducive to the development of children. Many agree that a good school should go beyond the basics of liberal arts and a natural science-based curriculum. In this respect, Liceul Litterarum leads by example. The school’s focus is on a system of non-traditional learning and education, which is based on the principle of tailoring the education offering towards the needs of the individuals. This approach helps students from primary school through to high school levels develop a desire to learn throughout their lives, to be better today than yesterday and yet better tomorrow than today. Even under the pandemic conditions, the school managed to maintain its normal operations between 1st September 2020 and 1st March 2021 by introducing protective measures such as wearing of masks and obligatory mask changes every 2.5 hours, temperature checks upon arrival and upon leaving the school, installation of disinfectant dispensers and teaching children a new and safe routine of interacting with each other.

The new challenges were somewhat easier to tackle with the improvements made to the school buildings with the help of the EU4Business-EBRD Credit Line loan.  Liceul Litterarum invested in new water and wastewater systems, a new heating and ventilation system as well as improvements of the building envelope. The school now offers the advantages of learning in a modern, energy-efficient building with twenty-six comfortable and welcoming classrooms and 45 highly trained faculty members. Due to temporary increases in the infection rates in Chisinau, the school had to switch to online teaching in March. However, with the improved building conditions, and especially the modern ventilation systems, teachers are able to provide the online lessons and support to the children from the comfort of the modernized school building.

Loan Amount

€ 137,925

Grant Amount

€ 20,689

Invested in:

New HVAC, lighting, water and wastewater systems, building insulation and windows

Primary Energy Savings

144 MWh/year

GHG Savings

23 tCO2/year

Energy Saving Ratio

44 %